Georgia ethanol plant temporarily halts production
Georgia's largest ethanol facility has announced a temporary halt in production.
The Albany Herald reports (http://bit.ly/WO2mBU) that Southwest Georgia Ethanol LLC cited higher corn prices in the Midwest for the decision.
Company officials say lower crop yields stemming from lengthy drought conditions are prompting the increased prices.
Murray Campbell, Southwest Georgia Ethanol's president and co-founder, said the move comes strictly as a response to market conditions and that the plant had the funds to delay Midwestern corn purchases even until the next crop year.
In the meantime, the company is writing local contracts for 2013 corn and accepting grain sorghum that was planted for Southwest Georgia Ethanol.
Information from: The Albany Herald, http://albanyherald.com